topic Deductions in Deductions & credits

Deductions

lorijgoetz — Thu, 17 Sep 2020 20:10:16 GMT

Where do you put in you rental property tax deduction?

Re: Deductions

rjs — Thu, 17 Sep 2020 20:37:12 GMT

Do you mean that you own a property that you rent out to someone else? If that's what you mean, you have income from the rental property, and you also have expenses. It's not just a deduction. See the following FAQs about entering rental income and expenses in TurboTax.

Where do I enter income and expenses from a rental property?

What kinds of rental property expenses can I deduct?

Re: Deductions

Carl — Thu, 17 Sep 2020 20:39:14 GMT

Are you a landlord or a tenant? If a tenant, then what state?

Re: Deductions

xmasbaby0 — Thu, 17 Sep 2020 21:25:23 GMT

If you mean you are a tenant who pays rent to live somewhere:

RENT

There is not a rent deduction or credit on your Federal return. If your state has anything for renters you will be prompted to enter your rent info when you complete your state return. As far as I know, the states that have anything for rent are Arizona, California, Connecticut, Hawaii, Indiana, Iowa, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New York, Rhode Island, Vermont, Washington DC, and Wisconsin.

https://www.rent.com/blog/states-with-a-renters-tax-credit/